Topic: Why bitcoin is not supported in some countries? - page 155. (Read 98473 times)
In my opinion, Bitcoin is not supported in some countries because they don't know how bitcoin works and what are the great features of bitcoin or maybe those countries are not focused on adoption new currency and they are more focus on enhancing their national economy. There is a lot of perspective to look on.
Ya it is true that some country are directly banning use of Bitcoin due to they are facing some illegal activity through Bitcoin or they are feeling some danger to the country economy if they dont ban the Bitcoin. But some country are still not given any status to bitcoin so using bitcoin in that country is nor legal or illegal until you are not doing any illegal activity through bitcoin.
every country have their own rules which they follow. its not like you bought a pizza and you can do whatever you want. transacting over bitcoin is somepart disturbing those countries economical balance which i think is not but they think it is. soon they will realise it and then it will be supported there too
Every country has a law, but as far as I know, only few country has a law about internet and anything about it... Actually with this present set up in where I live and probably in most part of the world where bitcoin is being used, I am contented with it, government didn't support bitcoin, but atleast they are not doing something to prevent the use of it...
Maybe a country would impose a law against it if it is becoming a threat or posing danger to its people...
Because in some countries, bitcoin is being used mostly in some illegal activities like buying drugs and guns, that is why the government shut it down in some countries in order to maintain peace and countering the drug addiction. Most of the people are abusing the advantages of bitcoin for their own happiness.
every country have their own rules which they follow. its not like you bought a pizza and you can do whatever you want. transacting over bitcoin is somepart disturbing those countries economical balance which i think is not but they think it is. soon they will realise it and then it will be supported there too
Its probably as bitcoin cant really be controlled by any government and cant be banned/ and its value cant be changed by the decision of a single government. Its value changes when there is some favourable change in politics in various countries that are supporting bitcoin at large, the most prominent being China, and USA. It is decentralized, and controlled by a peer-to-peer system and does not also provide any extra income/interest/profits to the government and banks.
And also its a point of view of the government of that particular country for and against bitcoin. Actually it depends on their rules, and also the reigning politicians.
And also its a point of view of the government of that particular country for and against bitcoin. Actually it depends on their rules, and also the reigning politicians.
Bitcoin is supported by many merchants and are being used for both legal and illegal types of transactions. What government actually don't like about bitcoin is that they can't have full control over bitcoin transaction or better to say they can't take tax on bitcoin transactions. Government love tax so they don't love bitcoin.
Bitcoin being used for criminal activities is just an excuse made by government to ban bitcoin in certain countries. However no any government can ban bitcoin transaction they can just ban local bitcoin trading platform but they can't just stop citizens from doing bitcoin transactions.
Bitcoin being used for criminal activities is just an excuse made by government to ban bitcoin in certain countries. However no any government can ban bitcoin transaction they can just ban local bitcoin trading platform but they can't just stop citizens from doing bitcoin transactions.
There are 4 important things so happen rejection
- the evil of corruption will be the more uncontrolled
- funding to terrorists one of the causes why some countries refuse the existence of the bitcoin
- are anonymous, it will be vulnerable led to acts of fraud
- hacker,It will be a lot of crime going on in cyberspace its like (MtGok,BitsTamp and Coinapult)
The government doesn't like anything that they can't control, and also there are some people used bitcoin for bad things, based on this situation some of the country feel there is no good point in adapting bitcoin, it is only going to add criminal rate, that is the reason some country banned bitcoin
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
These countries have fear from bitcoin. Bitcoin is decentralized and no one can control it. So allow a such money which can compete the real legal fiat may become e risk for the economy of that country. First of all if is a poor country and with big informal economy.
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
These countries have fear from bitcoin. Bitcoin is decentralized and no one can control it. So allow a such money which can compete the real legal fiat may become e risk for the economy of that country. First of all if is a poor country and with big informal economy.
Most major countries in the world also adopt a cold attitude towards bitcoin. The world's ban bitcoin countries are not many, blocking bitcoins are generally some small countries, or the disintegration of the former Soviet Union countries. Russia banned bitcoin, Thailand in 2013 in July also said to prohibit bitcoin, but then relaxed.
1.Out of government regulation
2.Speculative risk
3.Higher money laundering risk
4.Trading platform vulnerable and vulnerable
a poor countries have a lack of technology research, as bitcoin part of technology and future of money. you can take a look to netherlands a developed country who support bitcoin more than any other countries they are care about technology.2.Speculative risk
3.Higher money laundering risk
4.Trading platform vulnerable and vulnerable
and they adopt bitcoin as they take bitcoin seriously and found it was wonderful and must be implemented in mass.
i think because the country can't trust bitcoin as currency or can reduce the use of fiat
I think the biggest reasons some countries are afraid of Bitcoin are that it is hard to regulate and there are fears of people using it for illegal activities. Over time, some of these issues will gradually go away.
Any government can pass the bill in the assembly and make any law legal in their country. Its all because these corrupted politicians only. Once we good politician around the world wide. They could make open ledger bitcoin address in the government one.
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
You have a Senoir member account here at Bitcointalk and you still don`t understand
how bitcoin and the other cryptos work?Really?
Politicians and government clerks who don`t understand bitcoin usually ban it.
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
There are some reasons that I ever read about bitcoin had banned in several countries.Mostly because ever happen financial crimes correlated to money laundering through bitcoin that hard to trace.
Since bitcoin created to decentralized and using p2p transaction which central banks cannot grant bitcoin trading authorization and state not an official currency.
1.Out of government regulation
2.Speculative risk
3.Higher money laundering risk
4.Trading platform vulnerable and vulnerable
2.Speculative risk
3.Higher money laundering risk
4.Trading platform vulnerable and vulnerable
Many countries had banned the Bitcoin by saying that it is illegal and a wrost way to make money . But actual reason to ban Bitcoin was only it freedom and no control by government .
Actually those countries not getting any tax fir such online money ,.due to This reason they banned Bitcoin .
But actually Bitcoin is safe and trusted , that is understand by the most of country and is using by use .
Yes, control is the main reason why government threatens bitcoin users for punishment and such. but such things won't stop us from buying or using bitcoin, i have most of my money in bitcoin and i'm really liking the way bitcoin price is moving upwards! Actually those countries not getting any tax fir such online money ,.due to This reason they banned Bitcoin .
But actually Bitcoin is safe and trusted , that is understand by the most of country and is using by use .
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
I have never heard of such news because there are no laws that make Bitcoin illegal. There are other laws at present used to make the conversion of Bitcoin to fiat illegal. But laws making Bitcoins illegal per se, there are none. Please cite any news or articles and please post them in the OP.
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